Millennium Management Portfolio holdings
Millennium Management, founded in 1989 by Israel (Izzy) Englander and Ronald Shear and headquartered in New York City, is a global multi-strategy hedge fund managing over $71 billion in assets as of late 2024, employing a decentralized model with over 300 independent trading teams. Operating across equities, fixed income, commodities, currencies, and derivatives, the firm uses a mix of quantitative and fundamental strategies, providing its portfolio managers with capital, infrastructure, and autonomy to pursue diverse investment approaches while enforcing strict risk management. With more than 5,400 employees across offices in London, Hong Kong, Singapore, and beyond, Millennium has evolved from its initial $35 million seed capital—partly from the Belzberg family—into a titan of the hedge fund world, known for its ability to attract top talent and deliver consistent returns. Under Englander’s leadership as chairman and CEO, the firm remains a low-profile yet highly influential force in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Devon Energy
DVN
|
+$196M |
| 2 |
Verizon
VZ
|
+$166M |
| 3 |
Edison International
EIX
|
+$152M |
| 4 |
PPL
PPL Corp
PPL
|
+$122M |
| 5 |
Estee Lauder
EL
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameren
AEE
|
+$140M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$136M |
| 3 |
ANDV
Andeavor
ANDV
|
+$111M |
| 4 |
LyondellBasell Industries
LYB
|
+$105M |
| 5 |
ICPT
Intercept Pharmaceuticals, Inc.
ICPT
|
+$101M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.16% |
| 2 | Energy | 12.63% |
| 3 | Utilities | 8.8% |
| 4 | Financials | 8.17% |
| 5 | Consumer Discretionary | 7.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
XIV
1526
DELISTED
VelocityShares Daily Inverse VIX Short Term ETN
XIV
| $2.85M | 0.01% |
+90,005
| New | +$2.86M |
|
|
PHH
1527
CALL
DELISTED
PHH Corporation
PHH
| $2.84M | 0.01% |
+110,000
| New | +$2.76M |
|
1528
PUT
The Mosaic Company
MOS
$7.19B
| $2.84M | 0.01% |
56,800
-4,000
| -7% | -$191K |
|
1529
PUT
Teradata
TDC
$2.88B
| $2.82M | 0.01% |
57,400
+52,000
| +963% | +$2.34M |
|
|
SE
1530
CALL
DELISTED
Spectra Energy Corp Wi
SE
| $2.82M | 0.01% |
76,300
+1,300
| +2% | +$47.2K |
|
|
DFT
1531
DELISTED
DuPont Fabros Technology Inc.
DFT
| $2.81M | 0.01% |
116,900
+60,578
| +108% | +$1.52M |
|
|
ADT
1532
CALL
DELISTED
ADT Corp
ADT
| $2.81M | 0.01% |
93,700
+84,500
| +918% | +$2.79M |
|
|
SFUN
1533
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $2.8M | 0.01% |
4,092
+3,454
| +541% | +$2.82M |
|
|
DVAX
1534
DELISTED
Dynavax Technologies
DVAX
| $2.79M | 0.01% |
154,659
-471
| -0.3% | -$8.73K |
|
1535
Waters Corp
WAT
$37.3B
| $2.79M | 0.01% |
25,775
-178,633
| -87% | -$19.4M |
|
1536
Acacia Research
ACTG
$437M
| $2.79M | 0.01% |
182,812
-182,403
| -50% | -$2.65M |
|
|
TOWR
1537
DELISTED
Tower International, Inc.
TOWR
| $2.79M | 0.01% |
102,551
+60,338
| +143% | +$1.48M |
|
|
ESND
1538
DELISTED
Essendant Inc.
ESND
| $2.79M | 0.01% |
67,866
+44,053
| +185% | +$1.87M |
|
|
PETM
1539
PUT
DELISTED
PETSMART INC
PETM
| $2.78M | 0.01% |
40,400
+35,400
| +708% | +$2.35M |
|
|
RAI
1540
CALL
DELISTED
Reynolds American Inc
RAI
| $2.78M | 0.01% |
+104,200
| New | +$2.62M |
|
1541
Johnson & Johnson
JNJ
$640B
| $2.78M | 0.01% |
28,281
-438,978
| -94% | -$40.7M |
|
1542
EPAM Systems
EPAM
$5.58B
| $2.77M | 0.01% |
84,221
-46,548
| -36% | -$1.77M |
|
1543
Novavax
NVAX
$1.21B
| $2.77M | 0.01% |
30,570
+8,257
| +37% | +$922K |
|
1544
Blackbaud
BLKB
$1.94B
| $2.77M | 0.01% |
88,481
+46,777
| +112% | +$1.57M |
|
1545
PUT
Alcoa
AA
$11.3B
| $2.77M | 0.01% |
+89,513
| New | +$2.49M |
|
1546
Urban Outfitters
URBN
$6.46B
| $2.77M | 0.01% |
75,900
-463,117
| -86% | -$16.9M |
|
1547
iShares MSCI Taiwan ETF
EWT
$9.13B
| $2.77M | 0.01% |
+96,123
| New | +$2.68M |
|
|
RBS.PRP
1548
DELISTED
Royal Bank of Scotland Group Plc (The) ADR representing Pref
RBS.PRP
| $2.76M | 0.01% |
124,502
-161,712
| -57% | -$3.55M |
|
|
DRC
1549
CALL
DELISTED
DRESSER-RAND GROUP INC
DRC
| $2.76M | 0.01% |
+47,300
| New | +$2.69M |
|
|
MRC
1550
DELISTED
MRC Global
MRC
| $2.76M | 0.01% |
102,304
+73,586
| +256% | +$2.06M |
|
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Millennium Management's Q1 2014 Portfolio in Review
As of Q1 2014, Millennium Management held 4,356 positions worth $34.5B, up 8.9% from $31.7B the previous quarter. Its ten largest holdings account for 7.9% of the portfolio.
Millennium Management deployed $1.49B of net new capital in Q1 2014, opening 945 new positions and adding to 1,266 existing holdings. Its largest new stake was Bausch Health: 575,504 shares worth $75.9M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 12% a quarter earlier, followed by Energy and Utilities.
On the sell side, the largest reduction was Ameren, an estimated $140M trimmed.
- Millennium Management's largest Q1 2014 buy was Bausch Health: 575,504 shares worth $75.9M.
- Millennium Management added most to Devon Energy in Q1 2014, an estimated $196M increase.
- Millennium Management's biggest Q1 2014 reduction was Ameren, cutting an estimated $140M.
- Millennium Management fully exited PepsiCo in Q1 2014, selling an estimated $89.1M.
- Millennium Management's ten largest holdings make up 7.9% of its $34.5B portfolio in Q1 2014.
- Millennium Management opened 945 new positions and closed 958 in Q1 2014.
- Millennium Management's portfolio value rose 8.9% quarter-over-quarter to $34.5B.
Based on Millennium Management's 13F filing for Q1 2014, filed 15 May 2014.